The following table provides information on product netbacks on a gross basis in Canadian dollars on a quarterly basis for the periods indicated.

		2004					2003					2002
		Total	Three months ended				Total	Three months ended				Total
C$ Gross		Year	Dec 31	Sep 30	Jun 30	Mar 31	Year	Dec 31	Sep 30	Jun 30	Mar 31	Year
North America	Oil and Liquids ($/bbl)
	Sales price	42.11	44.05	45.47	41.39	37.56	35.78	32.39	33.94	33.43	43.17	32.81
	Hedging (gain)	5.95	8.64	7.28	4.81	3.07	2.45	2.07	2.05	1.26	4.38	0.06
	Royalities	8.59	8.76	9.51	8.52	7.57	7.37	6.86	6.81	6.50	9.27	6.85
	Transportation	0.49	0.46	0.53	0.48	0.51	0.48	0.51	0.51	0.51	0.43	0.38
	Operating costs	6.75	7.79	6.64	6.67	5.90	6.28	6.76	6.21	5.89	6.27	5.55
		20.33	18.40	21.51	20.91	20.51	19.20	16.19	18.36	19.27	22.82	19.97
	Natural gas ($/mcf)
	Sales price	6.83	6.99	6.63	7.08	6.61	6.58	5.31	6.14	6.63	8.25	4.20
	Hedging (gain)	0.10	0.04	0.14	0.16	0.06	0.11	(0.04)	0.03	0.12	0.32	(0.28)
	Royalities	1.31	1.20	1.29	1.44	1.32	1.37	1.08	1.18	1.54	1.69	0.75
	Transportation	0.20	0.21	0.20	0.20	0.19	0.21	0.20	0.22	0.22	0.22	0.24
	Operating costs	0.79	0.80	0.81	0.80	0.77	0.75	0.78	0.77	0.70	0.76	0.71
		4.43	4.74	4.19	4.48	4.27	4.14	3.29	3.94	4.05	5.26	2.78
North Sea	Oil and Liquids ($/bbl)
	Sales price	48.29	50.26	54.57	47.27	41.55	39.72	38.81	38.66	35.29	46.14	38.76
	Hedging (gain)	7.36	10.02	10.31	5.74	3.55	2.01	2.07	1.98	0.14	3.74	0.12
	Royalities	0.43	0.52	0.49	0.60	0.13	(0.08)	0.60	(0.27)	(0.89)	0.09	1.60
	Transportation	1.14	1.09	1.28	1.11	1.11	1.16	0.99	1.07	1.31	1.31	1.24
	Operating costs	13.27	11.84	15.59	13.07	12.86	11.51	10.83	11.05	11.60	12.73	9.87
		26.09	26.79	26.90	26.75	23.90	25.12	24.32	24.83	23.13	28.27	25.93
	Natural gas ($/mcf)
	Sales price	5.55	6.08	4.88	5.17	5.85	4.77	5.10	4.26	4.30	5.15	4.16
	Hedging (gain)	-	-	-	-	-	-	-	-	-	-	-
	Royalities	0.42	0.37	0.46	0.13	0.66	0.28	0.63	0.09	0.04	0.25	0.48
	Transportation	0.35	0.38	0.32	0.31	0.37	0.37	0.39	0.39	0.34	0.35	0.45
	Operating costs	0.55	0.72	0.69	0.58	0.28	0.37	0.33	0.50	0.18	0.45	0.43
		4.23	4.61	3.41	4.15	4.54	3.75	3.75	3.28	3.74	4.10	2.80
Southeast Asia	Oil and Liquids ($/bbl)
	Sales price	51.29	53.81	56.95	50.19	44.10	41.35	41.56	38.58	38.15	47.47	40.12
	Hedging (gain)	-	-	-	-	-	2.37	2.10	2.07	1.26	4.30	0.06
	Royalities	21.24	21.94	23.37	21.77	17.82	16.09	15.69	14.43	15.86	18.71	14.83
	Transportation	0.23	0.18	0.20	0.28	0.25	0.41	0.27	0.47	0.44	0.50	0.82
	Operating costs	5.57	5.60	6.60	5.30	4.78	7.22	6.76	6.98	7.12	8.26	7.77
		24.25	26.09	26.78	22.84	21.25	15.26	16.74	14.63	13.47	15.70	16.64
	Natural gas ($/mcf)
	Sales price	4.74	4.55	5.03	4.85	4.50	5.72	5.31	5.21	5.86	6.96	5.65
	Hedging (gain)	-	-	-	-	-	-	-	-	-	-	-
	Royalities	1.19	1.20	1.39	1.33	0.81	0.29	0.33	0.24	0.27	0.34	0.25
	Transportation	0.41	0.38	0.40	0.43	0.42	0.77	0.68	0.80	0.81	0.87	0.93
	Operating costs	0.27	0.25	0.25	0.28	0.29	0.50	0.41	0.53	0.49	0.64	0.59
		2.87	2.72	2.99	2.81	2.98	4.16	3.89	3.64	4.29	5.11	3.88
Algeria	Oil ($/bbl)
	Sales price	51.17	46.50	63.98	49.09	44.62	39.01	39.70	39.37	35.05	40.33	-
	Hedging (gain)	-	-	-	-	-	2.23	2.11	2.07	1.26	4.40	-
	Royalities	19.65	18.48	20.15	17.34	22.59	19.18	18.52	20.38	18.04	20.16	-
	Transportation	1.76	1.64	1.79	1.84	1.80	1.77	1.64	1.87	1.88	1.88	-
	Operating costs	3.51	3.77	3.86	4.75	1.71	5.07	2.66	10.37	2.19	4.35	-
		26.25	22.61	38.18	25.16	18.52	10.76	14.77	4.68	11.68	9.54	-
Sudan	Oil ($/bbl)
	Sales price	-	-	-	-	-	43.89	-	-	-	43.89	37.79
	Hedging (gain)	-	-	-	-	-	-	-	-	-	-	0.07
	Royalities	-	-	-	-	-	20.34	-	-	-	20.34	14.94
	Operating costs	-	-	-	-	-	3.73	-	-	-	3.73	3.82
		-	-	-	-	-	19.82	-	-	-	19.82	18.96
Total Company	Oil and Liquids ($/bbl)
	Sales price	47.45	49.10	53.30	46.42	41.15	39.09	37.68	37.33	35.07	44.98	37.34
	Hedging (gain)	5.42	7.53	7.15	4.31	2.67	2.05	2.08	2.01	0.65	3.14	0.09
	Royalities	6.84	6.85	7.86	6.71	6.00	5.59	5.13	4.20	3.83	8.53	6.83
	Transportation	0.88	0.84	0.95	0.87	0.87	0.83	0.81	0.88	0.97	0.75	0.74
	Operating costs	9.89	9.42	11.08	9.88	9.26	8.96	8.85	9.19	9.10	8.74	7.39
		24.42	24.46	26.26	24.64	22.35	21.66	20.81	21.05	20.52	23.82	22.29
	Natural gas ($/mcf)
	Sales price	6.28	6.38	6.15	6.47	6.13	6.30	5.29	5.87	6.36	7.76	4.33
	Hedging (gain)	0.07	0.03	0.10	0.12	0.04	0.08	(0.03)	0.02	0.10	0.25	(0.22)
	Royalities	1.21	1.12	1.25	1.31	1.15	1.14	0.93	0.98	1.28	1.40	0.67
	Transportation	0.26	0.26	0.25	0.26	0.25	0.28	0.29	0.30	0.28	0.29	0.32
	Operating costs	0.66	0.67	0.68	0.68	0.63	0.69	0.68	0.72	0.64	0.71	0.67
		4.08	4.30	3.87	4.10	4.06	4.11	3.42	3.85	4.06	5.11	2.89

1. Netbacks do not include synthetic oil or pipeline operations.